CFO Source Blog
Are You at Risk for Employee Fraud?
June 3, 2019
When we think of business fraud and corruption, we usually think of scandals at the top by large companies and big name people; Bernie Madoff and Enron come to mind. But in reality, small and mid-sized businesses are actually more susceptible to fraud, and the effects can be even more devastating. Of course you never […]
Outsourcing Your Financial Management for Results
May 2, 2019
There are many decisions that small business owners have to make. Where should I place my business? How many employees should I hire? What prices should I set? One more question we find many small business owners asking is “should I outsource my accounting?” There are benefits to both having an in-house accounting department and […]
Investing in a Bright Future for Your Business
February 1, 2019
To call something a business versus calling it a hobby comes down to whether or not you’re generating revenue. At the end of the day, that’s what makes a business well, a business. So, whether you’re looking for a huge amount of growth, or you’re just looking to get back on track, your business’s financial […]
Does Your Bookkeeping Need a Refresher?
November 1, 2018
Running a business is a complex venture with lots of different angles to consider. When you’re directly involved with running your business, the accounting processes can sometimes fall to the wayside when you’re bogged down with client meetings and other daily operations. Here are a few signs that you need to hire professional bookkeeping services […]
Do You Need Business Guidance?
September 4, 2018
If you’re running a business, then you probably know what you’re doing. You’ve built your brand up from nothing or carried on a long legacy. However, even the most seasoned business professional needs a little guidance from time to time. The question is: Do you need business guidance? Financial Insights Offer Fresh Perspectives Sometimes, when […]
Why Complete a Financial Stress Test?
March 5, 2018
Small business owners are often looking for ways to grow their business, increase sales, expand services, etc. But rapid growth comes at a cost, and without being properly prepared you could end up with a mess on your hands. By completing a financial stress test you can quickly and efficiently discover potential areas of struggle, […]
What is Needed to Support Significant Business Growth?
February 5, 2018
When a small business experiences rapid growth, there are certain systems that need to be put in place to support that growth, and encourage further growth. But what things are essential, and what things can hold off while the essentials are put in place? Let’s look at some of the systems and infrastructure that are […]
How Do Some Companies Pay Fewer Taxes?
November 15, 2017
No one looks forward to paying taxes, whether it be personally or as a business owner. But some businesses manage to avoid certain Maryland taxes or pay less than others. How do they manage that? Keep Careful Track Good bookkeeping is a huge way businesses manage to pay less for taxes. By having a detailed […]
Should I Use an Outsourced CFO
September 14, 2017
If you run a small business, keeping track of the financials can be overwhelming. Couple this with trying to keep up with the day to day tasks your business needs to do to stay relevant and profitable and it gets downright unmanageable at times. In larger corporations a CFO handles the financial side of the […]
Where to Start Growing your Company
July 13, 2017
If you run a small business and are looking to expand, it can be hard to know where to begin. By developing a smart business expansion plan, you can save yourself time and money. Being strategic in your business can help you grow while increasing your customer base and increasing your profits. Let’s look at […]
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